August 28th, 2020
Key points from the video transcript:
- Investor confidence in Europe is improving, but still negative.
- Unemployment rate is holding firm.
- Industrial production is getting better in November, but expected to cool off in December.
- Trade balance is still negative.
- Survey expectations have bounced to the upside, but a big continuation of growth is not expected.
- Recession is still present in Europe.
- Germany's industrial production and GDP are showing signs of decline.
- Wholesale price index is coming down.
- Energy and power sectors are improving, but still at a high level.
- CPI is moving lower, but starting from a high point.
- ECB raising rates, but current situation is worse than expectations.
- Data remains in recessionary territory.
- France's industrial production had a positive surprise, but CPI remains higher.
- Wage growth in the Euro area is turning down, which is good for inflation but a problem for spending.
- Services sector is experiencing downside creep.
Main topics: investor confidence, unemployment rate, industrial production, trade balance, survey expectations, recession, Germany's economy, energy and power sectors, CPI, ECB, France's economy, wage growth, services sector.
#Europe #InvestorConfidence #UnemploymentRate #IndustrialProduction #TradeBalance #Recession #Germany #EnergySector #CPI #ECB #France #WageGrowth #ServicesSector
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